With silver prices up 40% this year, market attention has increasingly focused on key factors such as China's economic stimulus and the rising demand for industrial metals. Investors are turning to silver as a safe-haven asset, with expectations of further price increases on the horizon.
Shawn Khunkhun, CEO of Dolly Varden Silver Corp. (Ticker: DV.v or DOLLF for US investors), provided insights into these trends during a recent interview, emphasizing the strong connection between silver demand and industrial growth sectors like electric vehicles and solar energy.
Khunkhun predicts that by the end of 2025, industrial demand will surpass supply, positioning silver for significant growth.
Dolly Varden Silver is well-positioned to capitalize on this potential surge. The company's flagship Kitsault Valley Project, located in British Columbia’s prolific Golden Triangle, covers 163 sq. km and holds over 140 million ounces of silver equivalent.
Ongoing drilling at the Wolf Vein within the project has delivered impressive results, including 654 g/t Ag over 21.48 meters and 513 g/t Ag over 27.19 meters.
These promising findings prompted Dolly Varden to expand its drill program from 25,000 to 32,000 meters, with three rigs now active to explore further potential.
As highlighted in the interview, Dolly Varden has achieved significant growth under Khunkhun’s leadership, with its share price rising by 500% and market cap increasing by 2,000% over the past four and a half years. The company remains financially strong, with $40M in the treasury and no debt.
Backed by these strong financials and promising exploration results, Khunkhun sees Dolly Varden as well-prepared to seize the opportunities presented by rising industrial demand for silver. As global demand continues to grow, Dolly Varden's large resource base and expanded drill program provide a solid foundation for future growth and value creation.
Full interview here:
Posted on behalf of Dolly Varden Silver Corp.